🚨 Is Bitcoin Just a Correction or Are We Seeing the Start of a Bear Market?
#BTCUpdate #macroeconomic #binancecreator ⸻
📊 Price
$BTC today:
Currently, Bitcoin is trading in the range of $118,900, slightly down from its new ATH of $123,000. Many traders are starting to wonder:
Is this just a temporary cooling down or the beginning of a downtrend?
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🔍 Technical Analysis of BTC:
• Medium-term trend is still bullish
BTC is still above the dynamic support of MA-50 and showing a higher high structure.
• Key Support Zone: $117,000
If breached, potential to $115,000–$113,000.
• Resistance Zone: $120,000–$123,000
A breakout above this could push BTC to $125,000 even $130,000.
• Daily RSI: down to 61 → indicating cooling off from overbought conditions.
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🏛️ US Macroeconomics: What Does It Mean?
• Inflation Remains Stubborn: June CPI rose 2.7% YoY → above expectations. This makes the Fed more cautious.
• Interest Rates: The Fed has not signaled rate cuts in the near future. The market is now pricing in the potential for a rate cut as early as Q4.
• Geopolitical Pressures: Tariff tensions between the US–Russia & US–China could push inflation higher → risk-on sentiment may waver.
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💡 What Does It Mean for BTC?
• Short-term: BTC could go sideways in the $117K–$120K range, waiting for new macro sentiment.
• Medium-term: If US inflation tames again and the Fed is dovish, BTC could continue to rally to $130K+.
• But be careful: Macroeconomic uncertainty, new tariffs, and high inflation could trigger a deeper correction.
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✅ Strategies for Traders:
1. Don't FOMO — wait for confirmation of a breakout or breakdown.
2. Use Stop-Loss below critical support ($116,000).
3. Allocate Healthy Capital — a maximum of 5% of the portfolio for aggressive positions.
4. Secure Gradual Profits — trailing stop is highly recommended.